Grupo Sports World, S.A.B. De C.V. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2017
April 26, 2017
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Grupo Sports World, S.A.B. de C.V. reported consolidated earnings results for the first quarter ended March 31, 2017. For the period, the company reported net revenue of MXN 358,252,000 against MXN 314,938,000 a year ago. Operating income was MXN 9,421,000 against MXN 8,462,000 a year ago. EBITDA was MXN 51,814,000 against MXN 45,178,000 a year ago. Profit before taxes was MXN 1,229,000 against MXN 2,556,000 a year ago. Net profit for the period was MXN 910,000 against MXN 1,834,000 a year ago. EPS was MXN 0.36 against MXN 0.27 a year ago. Net cash generated by operating activities was MXN 22,437,000, acquisitions of leased location improvements, furnishings, equipment and constructions was MXN 29,718,000 and acquisitions of intangible assets and other assets was MXN 12,903,000. Net financial debt was MXN 321,654,000 against MXN 302,211,000 a year ago.
Grupo Sports World SAB de CV is a Mexico-based company engaged, together with its subsidiaries, in the management of a network of membership fitness and wellness centers, which operate under such names as Sports World Club, SW Gym Plus, Fitkidz, In Shape, Sports World Fit and SW Gym, among others. The Company has operations established in such cities as Tijuana, Hermosillo, Monterrey, Veracruz and Puebla. As of December 31, 2011, the Company owned such subsidiaries as Operadora y Administradora SW SA de CV and Grupo Concentrador de Servicios SA de CV, and Nexxus Capital SA de CV was its major shareholder with 20.34% of its interest. In August 2013, the Company's new club, SW Reforma Rhin, has initiated its operations.
GRUPO SPORTS WORLD, S.A.B. DE C.V. 
